SANM Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	11.66B EUR	13.56B EUR	6.94B EUR	8.15B EUR
Enterprise Value	12.06B EUR	13.89B EUR	7.54B EUR	8.9B EUR
Valuation Multiples
Trailing P/E	38.91x	44.02x	26.74x	49.1x
Forward P/E	15.63x	--	--	--
Price to Sales	0.91x	1.06x	0.61x	1.11x
Price to Book	4.55x	5.3x	2.87x	3.29x
EV/Revenue	0.95x	1.09x	0.66x	1.22x
EV/EBITDA	13.94x	15.65x	10.38x	20.13x
Price to FCF (P/FCF)	--	22.83x	9.46x	20.78x
EV/FCF	--	23.38x	10.27x	22.7x
FCF Yield	-1.91%	4.38%	10.58%	4.81%